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Business

Investment promotion: FG unveils NIPC’s `Book of States’

Investment promotion: FG unveils NIPC’s `Book of States’By Emmanuella Anokam / Blessing Onyeaka The federal government on Monday unveiled the Nigerian Investment Promotion Commission (NIPC) “State Book” aimed at boosting domestic and foreign direct investment (FDI) for economic growth. The “State Book”, a compendium of key investment opportunities and comparative advantages of the 36 states and the CTF, was prepared by the NIPC in collaboration with the Nigeria Governor’s Forum (NGF). Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, said at the compendium’s official launch in Abuja that the initiative would help investors better appreciate investment potentials across Nigeria. In a keynote address, Adebayo noted that the document would help attract the right investments to Nigeria, improve productivity, create jobs and generate income for the country. “The ministry appreciates that the work has been fully supported and approved by all 36 governors, including the CTF Minister. “It shows how we are working collectively to ensure that […]

Investment promotion: FG unveils NIPC’s `Book of States’ - NNN.

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Nigeria

Our cement factory prices remains stable- Dangote

Our cement factory prices remains stable- DangoteBy Ismail AbdulazizDangote Cement Plc management says the price of a bag of cement from its factories and factories across Nigeria as of April 12 is N 2,450 in Obajana and Gboko, and N 2,510 in Ibese, value added tax. (Taxes included. The company has made this clarification given recent insinuations that the company sells cement in Nigeria at significantly higher prices compared to other countries, particularly Ghana and Zambia. Devakumar Edwin, Dangote Group Executive Director, Strategy, Portfolio Development and Investment Projects, revealed that if a bag of cement sells for an equivalent of $ 5.1 including VAT in Nigeria, it sells for $ 7. $ 2 in Ghana and $ 5.95 in Zambia ex works. , all taxes included. He said that although the company has direct control over its ex-factory prices, it cannot control the final price of cement when it hits the market. He indicated that it […]

Our cement factory prices remains stable- Dangote - NNN.

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Week Ahead: New season, new costs

Nigerian economy

New season, new costs While some consider the commencement of the rainy season as “showers of blessings” others might not as they are experiencing the biting/pinching effects of the costs that accompany it. The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in […] Read Full Story

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Nigeria’s fiscal position remains precarious despite rising oil price

Bullish crude oil prices since beginning of the year have raised hope of a better global fiscal performance after severe disruptions caused by COVID-19 pandemic that unsettled oil dependent economies. The price rise of more than 75 percent since November 2020 has been on account of major economies reopening and vaccinating their populations after the […] Read Full Story

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Inflation tops discussion as MPC meets today

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Nigeria’s Monetary Policy Committee (MPC) commences its second meeting for the year 2021 today, and will tomorrow announce policy decision on interest rate direction for an economy that sluggishly exited recession in the fourth quarter of 2020. Maintaining the status quo may likely play out after the meeting, as most analysts polled by BusinessDay expect […] Read Full Story

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Business

How Family-Owned Businesses can attract funding

amily-Owned Businesses

Family Owned businesses control a significant portion of Africa’s economy as they form the bulk of Small and Medium Enterprises (SMEs) which in turn forms the backbone of Africa’s economy but most of these businesses struggle with funding. These businesses account for two-thirds of all businesses around the world, generate around 70-90 percent of annual […] Read Full Story

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Elumelu advocates strategic long-term investment to tackle poverty in Africa

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Disturbed by the increasing rate of poverty in Africa, Tony Elumelu, founder of the Tony Elumelu Foundation (TEF), has called for a framework that will widen the circle of prosperity in the continent rather than littering it with lone star billionaires. Elumelu said Africa needs massive investments in infrastructure, electricity, digital technology and healthcare delivery […] Read Full Story

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OMNES Media, Kharabeesh sign partnership to offer advanced advertising solutions

OMNES Media, Kharabeesh sign partnership to offer advanced advertising solutionsThe agreement is set to provide content for advertising campaigns through traditional & modern media and influencers on social networks Dubai, United Arab Emirates – March 2021 17th: OMNES Media, the leading developer of digital media and marketing solutions, has signed a strategic partnership agreement with Kharabeesh, the leading producer of media, entertainment and animation content, to provide advanced advertising solutions to advertisers in numerous sectors. The agreement was signed at OMNES Media’s headquarters in Dubai recently by Fahed Aldeeb, Chief Executive Officer of OMNES Media, and Mohammed Asfour, Chief Executive Officer of Kharabeesh. OMNES Media and Kharabeesh have joined hands for providing their services to advertisers in public and private sectors worldwide in innovative and professional products aimed at enhancing the impact of advertising campaigns on the targetted audience by using creative content. Talking about OMNES Media’s role in this agreement, Fahed Aldeeb, CEO, said: “OMNES Media has developed […]

OMNES Media, Kharabeesh sign partnership to offer advanced advertising solutions - NNN.

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Agricultural economist sees perilous times as food inflation rises to 21.79%

Food inflation

The raging insecurity, an exponential increase in the unemployment rate and the recent rise in food inflation signal tough times ahead for Africa’s most populous country, Nigeria. Nigeria’s food inflation jumped to almost 22 percent according to the Consumer Price Index/Inflation data published on Tuesday by the National Bureau of Statistics (NBS). The report, seen […] Read Full Story